Income Archive

Sales to First-Time Buyers: 33 Percent of Sales in June 2016

First-time homebuyers appear to be getting back into the market more strongly with interest rates moving down to new lows. First-time buyers accounted for 33 percent of residential sales in June 2016, up from the 30 percent share in...

House Price Growth When Children are Teenagers—A Path to Higher Earnings? A REALTOR® University Speaker Series Presentation

Does house price appreciation prior to children attending college impact their future earnings as adults? This was the subject of a presentation at a recent REALTOR® University Speaker Series by Dr. Daniel Cooper, Senior Economist and Policy Advisor at...

Migration Winners of 2014

When a household chooses where to live, it is said that it has already chosen a set of local public goods (schools, parks, and public safety) and a set of taxes to finance the public goods. Based on theories...

November 2015 Housing Affordability Index

In spite of higher prices, housing affordability is down only slightly from a year ago as lower mortgage rates and higher incomes almost offset higher home prices. Housing affordability declined slightly (2.6 percent), from a year ago in November...

Latest Personal Spending and Income (September 2015)

Personal income barely rose in September but was comfortably higher from one year ago. Consumer spending is therefore rising. The economy is in a reasonably good shape as it goes into a cycle of rising income leading to more...